Power brushes, abrasives and maintenance products provider Weiler Corporation has announced today the acquisition of Europe-based bonded abrasives maker SWATYCOMET d.o.o., the company said.
Terms of the transaction were not disclosed.
The acquisition of SWATYCOMET will enable Weiler to offer a comprehensive solution to the welding, metalworking and general industrial markets. Through the transaction, Weiler adds a broad range of cut-off and grinding wheels and technical fabrics to serve industrial markets.
SWATYCOMET, headquartered in Maribor, Slovenia, dates back to 1879. It has revenues of EUR 87 million and employs a staff of around 900 workers.